All posts by Michael Comeau
Trader Mailbag: What’s the Deal with PHK?
Hi Mike, You have been in PHK for a long time. What is the reason for the heavy selling? -Tom Hi Tom, Thank you for the question. Indeed, I have been in the PIMCO High-Income Fund (PHK) for a long time and it has been clobbered, dropping from a peak of $10.15 in August to $8.55 […]
Continue Reading -->Bears Trump Bulls Ahead of the Presidential Steel Cage Match
Permabulls always say everyone’s bearish. And permabears always say everyone’s bullish. Neither side ever provides evidence for their views. So I regularly run through a variety of sentiment measures to get an accurate reflection of the market’s mood. According to 5 sentiment measures I track, traders are certainly looking bearish heading into November 8’s Presidential […]
Continue Reading -->T3’s Take 3: A Whole Lot More of a Whole Lot of Nothing
Did You Miss Scott Redler’s Webinar? Click the following link to watch the replay now: https://t3campaigns.clickfunnels.com/optin10456723 1) Draghi Teases More Stimulus Traders came in all geared up for today’s ECB rate decision As expected, the bank did not change its 3 main interest rates. So the focus quickly turned to the fate of the ECB’s […]
Continue Reading -->T3’s Take 3: Let’s Play $52 Pickup in the Oil Pit
So Where Is the Market Going? It’s all in the charts… 1) $52 Pickup in the Oil Pits WTI crude oil broke through $52 today for the first time since July 2015 after the EIA reported a large drop in US crude inventories. Crude was also boosted by a drop in the US dollar, and […]
Continue Reading -->T3’s Take 3: Go Go Goldman Sachs!
Want to Learn Scott Redler’s #1 Trading Strategy? Click here to join tomorrow’s very special live event… 1) Go Go Goldman Sachs! Financials led the market up today on strong earnings from sector leader Goldman Sachs (GS). We also saw strong numbers from video streaming giant Netflix (NFLX) and insurer UnitedHealth (UNH). Expectations for this […]
Continue Reading -->T3’s Take 3: Minor Profit-Taking on a Majorly Boring Day
Want to Learn Scott Redler’s #1 Trading Strategy? Click here to join a VERY special live event 1) Energy Dips Crude oil saw some minor profit-taking today after Iran’s Oil Minister Zanganeh said that the country’s oil production levels have been nearly restored to pre-sanction levels. This news effectively illustrates what makes oil so confusing […]
Continue Reading -->T3’s Take 3: No Love for Twitter
1) No Love for Twitter Twitter (TWTR) shares have been cratering over the past week on news reports that possible acquirers like Google (GOOGL) and Disney (DIS) are not interested in a deal. The downside accelerated today after Salesforce.com (CRM) CEO Marc Benioff said he walked away from an acquisition of Twitter. With a merger […]
Continue Reading -->Traders Don’t Get Much More Neutral Than This!
Permabulls always say everyone’s bearish. And permabears always say everyone’s bullish. Neither side provides evidence for their views. So I like regularly run through a wide variety of sentiment measures to get an accurate reflection of the market’s mood. According to 7 sentiment measures I track, traders appear to be very, very neutral, even though […]
Continue Reading -->T3’s Take 3: More Buyers Than Sellers, I Guess
1) An Early Rough-Up Mr. Market woke up on the wrong side of the bed today on some ugly overnight news. Chinese export data was weak, pro-Iran rebels attacked a US Navy ship, and Deutsche Bank (DB) reportedly instituted a company-wide hiring freeze. This had equities on the ropes in the early going, and the […]
Continue Reading -->T3’s Take 3: Markets Yawn Because of FOMC Minutes
Options > Dividend Stocks Click here to learn more… 1) YAWN! US markets had another snooze-fest today despite the release of the September Fed Meeting Minutes. Actually, let me rephrase that: the markets had another snooze-fest today BECAUSE of the release of the September Fed Meeting Minutes, which offered little in the way of […]
Continue Reading -->